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The Fed Decides Wednesday — Here's What It Means for Your Mortgage, the Loonie, and Your RRSP

  Monday, July 27, 2026 The U.S. Federal Reserve hands down its rate decision at 2 p.m. ET on July 29. For most Canadians it will feel like background noise. It isn't — here's the plain-language version of why it touches your mortgage, your cross-border spending, and whatever's sitting in your RRSP. The short version: Markets are pricing roughly a two-in-three chance the Fed holds its rate at 3.50%–3.75% on Wednesday. That's not the story. The story is that this is one of the least certain "sure thing" holds in years — and Chair Kevin Warsh's press conference at 2:30 p.m. ET could matter more than the decision itself. Why this meeting is different The Fed has held its benchmark rate steady at 3.50%–3.75% through every meeting so far in 2026. On paper, Wednesday should be more of the same. Under the hood, it's messier. Persistent inflation, running well above the Fed's 2% target for a fifth straight year, has kept a rate hike on the table. The oil-...
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Istanbul Protests Erupt Over Assassination of Hamas Leader Haniyeh


In a powerful display of solidarity, thousands of demonstrators marched through the streets of Istanbul today to protest the assassination of Hamas leader Ismail Haniyeh. The protestors, waving Turkish and Palestinian flags, voiced their outrage and grief over the killing.

Haniyeh, a key figure in Hamas’s international diplomacy, was assassinated in Tehran, an event that has escalated tensions in the Middle East and prompted threats of retaliation against Israel.

The march took place in Istanbul’s Fatih district, where participants held posters of Haniyeh and banners declaring, “Martyr Haniyeh, Jerusalem is our cause and your path is our path.” Chants of “murderer Israel, get out of Palestine” resonated through the crowd, reflecting the deep-seated anger and sorrow of the demonstrators.

Turkish President Tayyip Erdogan condemned the assassination, asserting that such actions would not deter the Palestinian struggle. The Istanbul protest is expected to be one of many in response to Haniyeh’s death, as the region braces for further unrest.



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